Ballymore has agreed a strategic partnership with supermarket giant Sainsbury’s to develop homes, retail space, community amenities and workspace on an 18 acre canalside site at Ladbroke Grove, in west London.
The agreement will see Ballymore holding a 60% share in the partnership to develop one of the last major brownfield opportunities to be brought forward in the Royal Borough of Kensington and Chelsea. The site is part of the council’s Kensal Canalside Opportunity Area, which means it has the potential to deliver high numbers of new homes and jobs.
Under emerging plans, the site could be redeveloped with up to 2,800 homes and a canalside town centre, as well as civic spaces and a mix of retail, leisure, cultural, community, small business workspace and educational uses. A new 130,000 sq ft Sainsbury’s store will be developed as part of the regeneration and a historic canal basin is set to be restored.
Sean Mulryan, Chairman and Group Chief Executive of Ballymore, said: “Partnerships like this one show the type of innovative approach needed to tackle London’s housing shortage. We are pleased to be a step closer to submitting an application and realising our ambitions of a mixed-use scheme that will transform the area. We’ve commenced early consultation with local stakeholders and look forward to hearing directly from local people how they envisage the future site can best suit the needs of the local community.”
Patrick Dunne, Sainsbury’s Property Director, said: “This agreement, which is the result of many years of hard work and commitment across our businesses, represents a momentous opportunity to deliver an exciting new vision for Ladbroke Grove. We have a proud history of serving the local community and are committed to engaging with our customers and residents throughout this project, which will play a substantial role in the revitalisation of the area.”